Amazon to hire thousands
The online retailer will recruit permanent and seasonal employees to help push products from new distribution centers.
Amazon (AMZN), gearing up for a burst of new business after unveiling a upgraded line of Kindle devices Thursday, said it will create 2,000 new jobs as it opens three more distribution centers.
New employees are expected to be placed in computing, management and human resources positions, The Independent reports. Along with those permanent jobs, Amazon will hire up to 3,000 seasonal workers for the holiday period.
The company is aggressively pricing its new devices, which include the Kindle Fire HD with a 4G LTE option and the Kindle Paperwhite. In order to compete against Apple (AAPL) and Google (GOOG), Amazon will need all hands on deck to fulfill orders throughout fall (the 7-inch Kindle tablets will ship Sept. 14, the Paperwhite will ship Oct. 1, and the 8.9-inch Kindle Fire HD will ship Nov. 20).
"We love to invent. We love to pioneer," Amazon CEO Jeff Bezos said at Thursday's event, noting that people now want constantly evolving services rather than simple gadgets.
While Amazon strives to do just that -- the company's new Amazon Prime deal sent Netflix (NFLX) shares into a tailspin Tuesday -- Bezos could be hinting at even further improvements around the corner.
Amazon's new distribution centers could offer same-day shipping, much like speedy competitor eBay (EBAY) began doing in the beginning of August. If the rumors are true, Amazon stands to monopolize not only a portion of the tech industry but the online retail shipping industry as well.
With not a drop of bad news tainting the water from which Amazon has seemingly been reborn, shares are rising. The company's stock closed Thursday at $251.38, up more than 2%. Friday, Amazon was up 2.7% in afternoon trading.
Along with boosting investor confidence, Amazon managed to spark assurance in analysts at Bank of America, as the research firm boosted its price target to $281 from $264.
"Amazon is set up well into 4Q; a play on our mobile marketplace theme and should see accelerating growth in 4Q. We also believe positive Street views on a growing distribution advantage & GM growth will outweigh opex margin pressure concerns," Bank of America noted.
More from Benzinga
Imagine, creating jobs in the USA so those of us who live here, can work and have money to purchase goods!!!!!!
It is great to see a company where the bottom line profit doesn't dictate all of the decisions ie outsourcing..
No, not all jobs are going overseas. It has been announced several months ago that Amazon will built a center in Patterson, Calif. I am 77 years old and retired, but still working part time.. Why, because it fills a need that I have---to be around people, meet people, make friends, etc. I enjoy people and I am not ready to sit and decay. I still like to make a difference. Patterson citizens are really thrilled. If you get the chance, okintennessee go for it.. Girl, you can do it.
Sure are a lot of posts about what country the jobs are going to be. Now, I know I am half blind, but I didn't see anything in this particular article that said where the new jobs are.
And of course, there can't be one article that don't have posts about the president or politics.
5,000 new and seasonal jobs by Amazon is great news...and just think they built it themselves! That's grerat for societies thirst for electronics....all Ihave is a small phone powered through a major company and am not interested in getting sophisticated stuff, but HOORAH for those interested.
If you doubt the location of this job announcement just click on the link in the first paragraph and you will see it is a UK announcement by Amazon UK reported by the Independent which is a UK newspaper. Exactly why MSN is carrying this without reporting the location is left to you to judge - maybe the writer holds shares in Amazon and wanted to boost is price?
Amazon US is adding distribution centers in the US also and I would have thought that would have made a better story for a US centric site.
They, and every other company that exists today, ride the coat tails of previous commercial, government and private sector companies that created a system in which they can provide products and services to their customers. And no, they did not build those.
Stop listening to Rush and think for yourself.
you might want to listen to Rush.....you might learn something. i doubt it though.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Firearms sales surged in 2013, but there are signs that demand is starting to wane.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.